Updated Oct 29, 2024
Vertuccio Family Acquires Industrial Property In Ridgewood, Queens For $6.75M
10-51 Irving Ave, Flushing, NY 11385, USA
Building Size
1,216,740 SF
Asset Type
Industrial
Closing
May 13, 2018
About this deal
AI
The industrial property located at 1518 Decatur Street in the Ridgewood neighborhood of Queens has been sold for $6,750,000. The transaction took place on January 4, 2023. The property spans a total square footage of 26,886, resulting in a price per square foot of $251.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,750,000
- Address: 1518 Decatur Street
- Market: Ridgewood, Queens
The buyer of the property is Lilly Vertuccio, representing the Vertuccio Family. The seller in this transaction is Thomas Auringer.
On the Map
Industrial
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Players
Ridgewood Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93